Sachin Bansal

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Sachin Bansal - Total results - 154
Ugro Capital pays back Rs 50 cr debt to Sachin Bansal ahead of due date
Business

Ugro Capital pays back Rs 50 cr debt to Sachin Bansal ahead of due date

At a time when every businessman is preserving cash given the massive disruption caused by the Covid pandemic, small-sized non-banking lender Ugro Capital has paid back the entire Rs 50 crore it had raised from a firm floated by Sachin Bansal of the Flipkart fame ahead of due date

Sachin Bansal resigns from Ujjivan Small Finance Bank's board after former Flipkart co-founder's firm applies for banking licence
Business

Sachin Bansal resigns from Ujjivan Small Finance Bank's board after former Flipkart co-founder's firm applies for banking licence

Sachin Bansal has resigned from the board of Ujjivan Small Finance Bank Ltd citing that an entity owned and controlled by him has applied for a universal banking licence, according to a regulatory filing

Sachin Bansal-founded Navi Technologies has acquired Bengaluru-based Mavenhive
News & Analysis

Sachin Bansal-founded Navi Technologies has acquired Bengaluru-based Mavenhive

Navi has made investments in multiple startups like Ola, Bounce, Krazybee, and also acquired CRIDS.

Sachin Bansal, Poonawala family to invest Rs 100 cr in tech-enabled small business lending platform, U Gro Capital
Business

Sachin Bansal, Poonawala family to invest Rs 100 cr in tech-enabled small business lending platform, U Gro Capital

Sachin Bansal and the Poonawala family will invest through two separate securitisation and bond deals, according to media reports

Sachin Bansal picks up majority stake in fintech company CRIDS, assumes role of CEO
Business

Sachin Bansal picks up majority stake in fintech company CRIDS, assumes role of CEO

Flipkart co-founder Sachin Bansal has picked up a stake in Chaitanya Rural Intermediation Development Services (CRIDS) and has pumped in Rs 739 crore in the non-banking financial company

Binny Bansal sells Flipkart shares worth over $14 million to Tiger Global; Tiger Fund increases stake in e-tailer
Business

Binny Bansal sells Flipkart shares worth over $14 million to Tiger Global; Tiger Fund increases stake in e-tailer

In June this year, Bansal is said to have sold a small portion of his shares to FIT Holdings SARL, Walmart’s Luxembourg entity, for about $76.4 million

Corporate India remembers VG Siddhartha as a humble man; asks entrepreneurs not to be discouraged by failures
Business

Corporate India remembers VG Siddhartha as a humble man; asks entrepreneurs not to be discouraged by failures

Industry captains on Wednesday paid rich tributes to VG Siddhartha, founder of India's biggest coffee chain Cafe Coffee Day, remembering his entrepreneurial spirit and humble nature but also cautioned entrepreneurs not to let failures destroy their self-esteem

Nearly two weeks after investing in NCDs, Sachin Bansal invests Rs 50 cr debt in consumer lending startup Kissht
Business

Nearly two weeks after investing in NCDs, Sachin Bansal invests Rs 50 cr debt in consumer lending startup Kissht

Bansal's debt investment in Kissht, operated by Onemi Technology Solutions, is reportedly convertible to equity if any repayment issues arise, which is unlikely to happen.

Sachin Bansal invests Rs 200 cr in NCDs of Piramal Enterprises; company to use fund for financial services business
Business

Sachin Bansal invests Rs 200 cr in NCDs of Piramal Enterprises; company to use fund for financial services business

In May this year, Bansal had announced an investment of $32 million in electric vehicle manufacturer Ather Energy, which had raised $51 million in its latest round of funding.

Binny Bansal sells Flipkart shares worth over $76 million to Walmart's Luxembourg-based entity FIT Holdings SARL
Business

Binny Bansal sells Flipkart shares worth over $76 million to Walmart's Luxembourg-based entity FIT Holdings SARL

Bansal transferred more than 5.39 lakh of his Flipkart shares to Walmart's Luxembourg-based entity -- FIT Holdings SARL

Electric two-wheelers becoming mainstream by 2025 is easily achievable: Ather Energy founders
News & Analysis

Electric two-wheelers becoming mainstream by 2025 is easily achievable: Ather Energy founders

Ather Energy founders have an ecosystem approach to solve India's EV issues. Here's how they plan to do it.

Sachin Bansal invests $32 million in electric vehicle manufacturer Ather Energy
Business

Sachin Bansal invests $32 million in electric vehicle manufacturer Ather Energy

Ather Energy was one of the earliest startup investments of Bansal, when he invested $0.5 million in the firm as an angel investor in 2014

Ola in talks with luxury carmakers Audi, Mercedes and BMW for subscription-based self-drive services
Business

Ola in talks with luxury carmakers Audi, Mercedes and BMW for subscription-based self-drive services

Ola has been running a small-scale pilot of the self-drive service in Bengaluru currently, and is expected to launch the offering in the next few weeks through Ola Fleet Technologies

Sachin Bansal plans to acquire majority stake in Bengaluru-based microfinance firm, may take role of CEO
Business

Sachin Bansal plans to acquire majority stake in Bengaluru-based microfinance firm, may take role of CEO

Sachin Bansal is planning to pick up as much as 75 percent stake in Bengaluru-based Chaitanya Rural Intermediation Development Services

South Korean automaker Hyundai Motor in talks with Ola, may invest $250 million in latest funding round
Business

South Korean automaker Hyundai Motor in talks with Ola, may invest $250 million in latest funding round

The deal, which is at advanced stages of discussion, is likely to close in next few weeks. The investment will give Hyundai about a 4 percent stake in Ola

Sachin Bansal invests Rs 650 cr in Ola, move to give ride-hailing firm more ammo to compete with Uber
Business

Sachin Bansal invests Rs 650 cr in Ola, move to give ride-hailing firm more ammo to compete with Uber

Sachin Bansal, who founded Flipkart over a decade ago with Binny Bansal, had quit after US retail behemoth Walmart picked up 77 percent stake in the Indian e-commerce company for $16 billion

Binny Bansal reveals his ambitious plans to help other startups after quitting Flipkart
Business

Binny Bansal reveals his ambitious plans to help other startups after quitting Flipkart

Bansal is now focused on xto10x Technologies, a startup he has co-founded with former colleague Saikiran Krishnamurthy

Sachin Bansal pumps in Rs 150 cr in Ola, more investments on the cards; firm eyes to raise $1 bn in funding
Business

Sachin Bansal pumps in Rs 150 cr in Ola, more investments on the cards; firm eyes to raise $1 bn in funding

The allotment of these shares to Bansal is part of Ola's plans to raise about $1 billion in funding, they added.

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains
Business

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains

In May, Bentonville, Arkansas-based Walmart Inc acquired 77 percent stake in Flipkart for about $16 billion in its biggest acquisition till date.

Vodafone moment for Flipkart shareholders? Advance tax, TDS pour in from capital gains on sale to Walmart
Business

Vodafone moment for Flipkart shareholders? Advance tax, TDS pour in from capital gains on sale to Walmart

While Vodafone is challenging the retrospective amendment made in 2012 by the former finance minister Pranab Mukherjee, Flipkart promoters have no such latitude.